Market Cap
AU$71.5m
Last Updated
2019/10/17 10:39 UTC
Data Sources
Company Financials
Executive Summary
VEEM Ltd manufactures and sells propulsion and stabilization systems.
Snowflake
Fundamentals
Excellent balance sheet and slightly overvalued.
Similar Companies
Share Price & News
How has VEEM's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-1.8%
VEE
2.5%
AU Machinery
2.5%
AU Market
1 Year Return
1.9%
VEE
12.2%
AU Machinery
11.1%
AU Market
Return vs Industry: VEE underperformed the Australian Machinery industry which returned 12.2% over the past year.
Return vs Market: VEE underperformed the Australian Market which returned 11.1% over the past year.
Shareholder returns
| VEE | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 2.5% | 2.5% |
| 30 Day | 0% | 7.6% | 0.7% |
| 90 Day | 5.8% | 23.4% | 1.4% |
| 1 Year | 2.8%1.9% | 13.1%12.2% | 17.5%11.1% |
| 3 Year | n/a | -30.7%-31.8% | 37.8%19.4% |
| 5 Year | n/a | 14.9%-7.2% | 51.7%17.6% |
Price Volatility Vs. Market
How volatile is VEEM's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does VEEM Ltd's (ASX:VEE) -19% Earnings Drop Reflect A Longer Term Trend?1 month ago | Simply Wall St
How Much Of VEEM Ltd (ASX:VEE) Do Insiders Own?1 month ago | Simply Wall St
Is VEEM Ltd's (ASX:VEE) 6.1% ROE Better Than Average?Valuation
Is VEEM undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: VEE (A$0.55) is trading below our estimate of fair value (A$2.74)
Significantly Undervalued: VEE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: VEE is poor value based on its PE Ratio (32.1x) compared to the Machinery industry average (13.5x).
PE vs Market: VEE is poor value based on its PE Ratio (32.1x) compared to the Australian market (18x).
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate VEE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: VEE is overvalued based on its PB Ratio (2.3x) compared to the AU Machinery industry average (1.2x).
Next Steps
Future Growth
How is VEEM forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
1.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VEE's forecast earnings growth (1.2% per year) is below the savings rate (2.3%).
Earnings vs Market: VEE's earnings (1.2% per year) are forecast to grow slower than the Australian market (10.3% per year).
High Growth Earnings: VEE's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if VEE's revenue is forecast to grow faster than the Australian market.
High Growth Revenue: Insufficient data to determine if VEE's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if VEE's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has VEEM performed over the past 5 years?
-19.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: VEE's earnings have declined by -19.5% per year over the past 5 years.
Accelerating Growth: VEE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VEE had negative earnings growth (-19.1%) over the past year, making it difficult to compare to the Machinery industry average (-19.1%).
Return on Equity
High ROE: VEE's Return on Equity (7.2%) is considered low.
Return on Assets
ROA vs Industry: VEE has a higher Return on Assets than the Machinery industry average last year.
Return on Capital Employed
ROCE Improving: VEE's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is VEEM's financial position?
Financial Position Analysis
Short Term Liabilities: VEE's short term assets (A$22.3M) exceeds its short term liabilities (A$9.6M)
Long Term Liabilities: VEE's short term assets (22.3M) exceeds its long term liabilities (8.8M)
Debt to Equity History and Analysis
Debt Level: VEE's debt to equity ratio (22.5%) is considered satisfactory
Reducing Debt: VEE's debt to equity ratio has increased from 8.3% to 22.5% over the past 5 years.
Debt Coverage: VEE's debt is well covered by operating cash flow (120.8%).
Interest Coverage: VEE's interest payments on its debt are well covered by EBIT (5.4x coverage).
Balance Sheet
Inventory Level: VEE has a high level of physical assets or inventory.
Debt Coverage by Assets: VEE's debt is covered by short term assets (assets are 3.187610x debt).
Next Steps
Dividend
What is VEEM's current dividend yield, its reliability and sustainability?
0.94%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: VEE's dividend (0.94%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.46%).
High Dividend: VEE's dividend (0.94%) is low compared to the top 25% of dividend payers in the Australian market (5.56%).
Stable Dividend: VEE is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: VEE is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: VEE is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of VEE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
What is the CEO of VEEM's salary, the management and board of directors tenure and is there insider trading?
1.5yrs
Average board tenure
CEO
Mark Miocevich 0
24.8yrs
Tenure
AU$422,406
Compensation
Mr. Mark David Miocevich, B. App.SC.(Mech Eng) FIE Aust serves as Managing Director at VEEM Ltd since 1995. Mr. Miocevich is responsible for the overall performance of VEEM and for the leadership of the ma ...
CEO Compensation Analysis
Compensation vs. Market: Insufficient data to establish whether Mark's total compensation is reasonable compared to companies of similar size in the Australian market.
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Board Age and Tenure
1.5yrs
Average Tenure
Experienced Board: VEE's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 2,366,630 |
| Max Price | AU$0.55 |
Ownership Breakdown
Management Team
Peter Torre (47yo)
Joint Company Secretary & Independent Non-Executive Director
- Tenure: 1.5yrs
- Compensation: AU$60.00k
Mark Miocevich
MD & Director
- Tenure: 24.8yrs
- Compensation: AU$422.41k
Tracy Caudwell
Manager of Finance & Administration and Joint Company Secretary
- Tenure: 0yrs
Board Members
Peter Torre (47yo)
Joint Company Secretary & Independent Non-Executive Director
- Tenure: 1.5yrs
- Compensation: AU$60.00k
Brad Miocevich
Non-Executive Chairman
- Tenure: 0yrs
- Compensation: AU$127.94k
Mark Miocevich
MD & Director
- Tenure: 24.8yrs
- Compensation: AU$422.41k
Ian Barsden
Non-Executive Director
- Tenure: 3.3yrs
- Compensation: AU$61.15k
Mike Bailey
Independent Non-Executive Director
- Tenure: 1.3yrs
- Compensation: AU$60.00k
Company Information
VEEM Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: VEEM Ltd
- Ticker: VEE
- Exchange: ASX
- Founded: 1968
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: AU$71.500m
- Shares outstanding: 130.00m
- Website: https://www.veem.com.au
Location
- VEEM Ltd
- 22 Baile Road
- Canning Vale
- Western Australia
- 6155
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VEE | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Oct 2016 |
| VEE | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Oct 2016 |
Biography
VEEM Ltd manufactures and sells propulsion and stabilization systems. It offers propellers, centrifugally cast hollow bars, and gyrostabilizers; and manufactures bespoke manufactured products and services ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 10:39 |
| End of Day Share Price | 2019/10/15 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.